Identity authentication firm IdenTrust of San Francisco has stretched across the pond to add UK’s HSBC as a new user of its bank-developed, online authentication corporate payment and remittance system network that is gaining favor for client-to-bank communications within large-scale enterprises.
Through certificates, corporate clients can send secure payment files between different banks and across international borders, as well as payments ecosystems, contained within a secure, trusted identity digital signature. Only one authorized user is needed, streamlining the treasury management operations of multinational corporations. This initiative complements HSBC’s existing activities in the standards world through UN/CEFACT, ISO and SWIFT, according to IdenTrust.
Both IdenTrust and HSBC are examining other areas where high-assurance identities can benefit customers, such as streamlining bank account management processes and trade finance services.
